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MEVACO - BOUWBEDRIJF

Active
Public limited companyfounded 1979active for 46 yearsDurmelaan 6, 9880 Aalter, BelgiumKBO/BCE: BE 0420.071.069
Summary

MEVACO - BOUWBEDRIJF has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.8m and a net result of €847,875. Equity has been growing by about 7.1% per year since 2018. Its solvency ranks better than 69% of 1,029 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 21-12-1979 Normal situation
Activity
General construction of residential buildings NACE 41001and 1 other
Joint committees
200 Aanvullend Paritair Comité voor de bedienden
124 Paritair Comité voor het bouwbedrijf · annual accounts 2025
Establishment unit
2.017.030.371 9880 Aalter, since 15-02-1980
Financial year end
31 December
Peppol
Reachable since 24-09-2025

Board and ownership

Board
  • MEERSCHMAN JosefManaging director
  • NERODirector · since 26-07-2022 · permanent representative MEERSCHMAN Stijn Maurice
  • PLUTO PROJECTSDirector · since 26-07-2022 · permanent representative Karla MEERSCHMAN
Shareholders
  • NERO2025 annual accounts of NERO

Financial position

88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Turnover
€21.1m
▼ 35.5%
Profit
€847,875
▲ 43.1%
Equity
€16.8m
▲ 5.3%
Total assets
€32.9m
▲ 22.6%
Employees on 31-12-2025
47
▼ 2.1%
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Liquidity: current ratio 1.53, cash €1.5mlowers riskFounded in 1979Size: turnover €21.1m, 46.8 FTE, total assets €32.9mShow the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 49% of small companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Average
Solvency 76-8
equity 51.0% of total assets
Liquidity 35-6
short-term debt 43.7% · cash 4.6%
Profitability 64+5
return on assets 2.6%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (912 companies, NACE 41, small)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value 11-2026: 0.2%● unchanged vs 10-2026highest value
Credit of up to €1,450,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.53 (1.57 in 2024), above the usual 1.5. Short-term debt is 43.7% and cash 4.6% of total assets. 49% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, small). It does better than 72% of them on solvency, 39% on liquidity, 53% on profitability and 33% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Liquidity: current ratio 1.53, cash €1.5m
NBB · annual accounts
lowers risk · Founded in 1979
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €21.1m, 46.8 FTE, total assets €32.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 days early
2024
26 days early
2023
9 days early
2022
31 days early
2021
2 days early
2020
17 days early
2019
9 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More equity than 94% of companies in construction of buildingssector median €647,218 · 1,029 companies €16.8m View
  • Caution: Turnover fell in 2025from €32.8m to €21.1m ▼ 35.5% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €847,875 8 years View
  • Flemish supportawarded from 2022 to 2025 €104,477 View

Recent changes

  1. · Gazette deed Reappointment: VRC Bedrijfsrevisoren BA (statutory auditor)
  2. · Gazette deed 3 directors appointedAppointments: MEERSCHMAN Josef, NERO and PLUTO PROJECTS · Permanent representatives: MEERSCHMAN Stijn Maurice and Karla MEERSCHMAN
  3. · Gazette deed 1 director appointed, 3 reappointedReappointments: Josef Meerschman, Nero bv and 2 others · Permanent representatives: Stijn Meerschman and Karla Meerschman · Appointment: Josef Meerschman (managing director and chair of the board)
All 16 events

Comparable companies

These companies have the same main activity as MEVACO - BOUWBEDRIJF: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €21m and €35m, founded between 1979 and 1991.

CompanyTotal assetsTurnover
MEVACO - BOUWBEDRIJF Aalter€32.9m€21.1m
Sibomat Zulte€20.6m€17.2m
Huysman Bouw Eeklo€26.7m€21.8m
BOUWBEDRIJVEN DEWAELE Deerlijk€31.6m€27.9m
Rik De Keyser Rijkevorsel€34.8m€27.5m
SOTRABA Seneffe€30.2m€32.9m
ALGEMENE BOUWONDERNEMING VLASSAK-VERHULST Schilde€29.1m€26.1m
Full comparison

Key facts about MEVACO - BOUWBEDRIJF

What is the company number of MEVACO - BOUWBEDRIJF?
The company number of MEVACO - BOUWBEDRIJF is 0420.071.069. The VAT number is the same number with BE in front: BE 0420.071.069.
Where is MEVACO - BOUWBEDRIJF based?
The registered office is at Durmelaan 6, 9880 Aalter.Company details
What does MEVACO - BOUWBEDRIJF do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of MEVACO - BOUWBEDRIJF?
The legal form of MEVACO - BOUWBEDRIJF is Public limited company (NV).
When was MEVACO - BOUWBEDRIJF founded?
MEVACO - BOUWBEDRIJF was founded on 21-12-1979.
Is MEVACO - BOUWBEDRIJF still active?
Yes, MEVACO - BOUWBEDRIJF is an active enterprise in the KBO register.
How many employees does MEVACO - BOUWBEDRIJF have?
MEVACO - BOUWBEDRIJF had an average of 46.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does MEVACO - BOUWBEDRIJF fall under?
In its 2025 annual accounts, MEVACO - BOUWBEDRIJF states joint committees 200 (Aanvullend Paritair Comité voor de bedienden) and 124 (Paritair Comité voor het bouwbedrijf).
What is the turnover of MEVACO - BOUWBEDRIJF?
The turnover of MEVACO - BOUWBEDRIJF was €21.1m in financial year 2025, according to the filed annual accounts.
Is MEVACO - BOUWBEDRIJF profitable?
In financial year 2025, MEVACO - BOUWBEDRIJF made a profit of €847,875.
Where can I find the annual accounts of MEVACO - BOUWBEDRIJF?
MEVACO - BOUWBEDRIJF filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MEVACO - BOUWBEDRIJF due?
MEVACO - BOUWBEDRIJF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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